Pivot: 1.6295
Our preference: Long positions above 1.6295 with targets @ 1.638 1.6415 in extension.
Alternative scenario: Below 1.6295 look for further downside with 1.625 1.621 as targets.
Comment: The pair has broken above the upper boundary of a decelining channel and remains on the upside.
Supports and resistances:
1.646
1.6415
1.638
1.6357 Last
1.6295
1.625
1.621
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